Claudio Martani: Catalogue data in Spring Semester 2021

Name Dr. Claudio Martani
DepartmentCivil, Environmental and Geomatic Engineering
RelationshipLecturer

NumberTitleECTSHoursLecturers
101-0530-00LReal Options for Infrastructure Management3 credits2GC. Martani
AbstractThe course will provide an introduction to the paradigm of flexibility/ real option for infrastructure management. It will also provide insights on the tools to model uncertainty and class applications on example cases.
ObjectiveUpon successful completion of this course students will be able:
- To recognize and model uncertainty affecting infrastructure;
- To identify possible interventions on infrastructure
- To develop dynamic model for simulating future scenarios, considering uncertainty
ContentPart 1: Introduction to the concept of flexibility in engineering, including the problem of the flaw of average on traditional engineering design processes.
Part 2: Explanation of the real option methodology and of the main methods for uncertainty modelling, including binomial trees and Monte Carlo simulations.
Part 3: Application in class of the real option methodology on two example cases.
LiteratureA list of relevant publications for the course will be given out before the first class.